Litecoin has become third largest crypto currency after Bitcoin and Ethereum. Litecoin was created as an alternative to Bitcoin, in order to balanced shortcomings of Bitcoin. You can buy litecoin instantly as a future investment. Litecoin is 4 times available than Bitcoin. As Bitcoin has maximum limit of only 21 millions, and litecoin can reach up to 84 millions. In addition it uses Scrypt algorithm as a proof of work.
How You Can Buy Litecoin? (with PayPal, Credit Card, Debit Card)
As the surge in Bitcoin prices, investors looking it as a potential gold mine. But the Bitcoin price has proved highly unreliable by time, hence putting money on litecoin is better option. Buy litecoin in UK has become a common trend now. Here is some difficulty surfaced about the undeveloped investment infrastructure of the litecoin. You can mine litecoin but solving the algorithm by using computing power of your CPU/ ASCI miner or Raspberry pie etc. And if you are willing to purchase litecoin and invest in it, then you have to know the market very well. You have to aware of all the pitfalls before buy litecoin with debit card and credit card. Litecoin reached high $38, since it came into eyes of people. Now litecoin prices all time high $84, and still rising. The reason is call for adaptation by Segwit Soft Fork.
Steps to buy Litecoin Without Headache
First of all you have to get the wallet:-
Virtual pocket where you can store litecoin, the most popular software wallets are Coinbase, Exodus and Jaxx. But for better security reason it is suggested to use hardware wallet instead of software wallets. The famous hardware wallets are TREZOR and Ledger.
Go to Litecoin exchange
Litecoin in some exchanges purchased through Bitcoin, which is quite a problem. So in that case first buy Bitcoin from Bitcoin exchange namely Polonix and BTC-e then exchange Bitcoin to Litecoins. Whereas there are other where litecoin can be buy directly example Coinbase.
Coinbase:- Here you can buy litecoin by Coinbase up to $500 by using credit cards. You can increase the limit once your ID is verified. Coinbase support buyers of 33 countries round the globe and provide good services at low cost.
Bitpanda:- here you buy litecoin with lower limit around 600 euros as this limit cannot go higher. You buy litecoin with credit card, skrill account and SEPA transfer.
Bitstamp:- It is the oldest cryptocurrency exchange. You can buy litecoin by wire transfer in USD and EUR or exchange Bitcoins to Litecoins.
Withdraw your Litecoins to wallet
After choosing the exchange then go to the buying option, withdraw Litecoins from the exchange. Remember not to leave coins in exchange wallet. Exchange can be shut down or even hacked so be careful while making all the transactions.
How to buy Litecoin with Paypal?
To buy litecoin with Paypal there is no direct option. First, you have to buy Bitcoins with Paypal, for that, you have to link your account to Paypal. You can later exchange Bitcoins to Litecoins through exchange BTC-e or VirWox.